Where to Invest $10,000 Right Now
https://www.bloomberg.com/features/how-to-invest-10k/
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Washington Post article notes:
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Washington Post article notes:
“JPMorgan Chase, the nation’s largest bank, is paying 0.01 percent interest on a basic saving account, the equivalent of a dime a year for someone holding $1,000 at the bank. Bank of America is offering 0.03 percent interest and Wells Fargo is paying 0.01 percent, according to Bankrate.com…
The interest rate that the Fed sets — known officially as the Federal funds rate — is the one that banks charge each other. Banks can turn around and set whatever rates they want for customers. Typically, banks raise the interest rates they pay savers when they want to attract deposits and win new customers. But right now analysts say large banks are flush with deposits and see little need to pay higher rates.”